Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly).
If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them.
Company Profile
Centerspace is a real estate investment trust (REIT). The Company is focused on the ownership, management, acquisition, development, and redevelopment of apartment communities. The Company owns approximately 84 apartment communities, containing 15,065 homes. The Company conducts its daily business operations primarily through its operating partnership, Centerspace, LP, (the Operating Partnership). It owns properties in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Its properties include Lyra Apartments, Lugano At Cherry Creek, Civic Lofts, Westend, Dylan At RiNo, Parkhouse Apartment Homes, Union Pointe, The Donovan Apartment Homes, Thomasbrook Apartments, Lakeside Village Apartment Homes, Cimarron Hills Apartments, Greenfield and others.
CSR - Centerspace
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